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JPMorgan US Smaller Companies Investment Trust plc (JUSC) Ordinary 2.5p Shares

Sell:319.00p Buy:321.00p 0 Change: 4.50p (1.43%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:319.00p
Buy:321.00p
Change: 4.50p (1.43%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:319.00p
Buy:321.00p
Change: 4.50p (1.43%)
Market closed Prices as at close on 23 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To achieve long-term capital growth from investing in US micro-cap companies. A bottom-up approach will be taken and the Fund will target companies that have a sustainable competitive advantage, run by competent management teams who have a track record of success and are good stewards of capital; and to focus on owning equity stakes in businesses that trade at a discount to their intrinsic value.
Security Weight
JPM USD Liquidity LVNAV X (dist.) 4.36%
Pool Corp 2.82%
Catalent Inc 2.58%
The Toro Co 2.29%
AptarGroup Inc 2.20%
Douglas Dynamics Inc 2.15%
Performance Food Group Co 2.04%
EastGroup Properties Inc 1.89%
BJ's Wholesale Club Holdings Inc 1.88%
ICU Medical Inc 1.81%
Sector Weight
Industrials 20.20%
Financial Services 19.67%
Consumer Cyclical 18.96%
Healthcare 13.87%
Technology 13.04%
Real Estate 6.00%
Consumer Defensive 5.09%
Basic Materials 3.62%
Utilities 2.00%
Energy 0.00%
Country Weight
United States 104.57%
Switzerland 0.05%
Netherlands 0.00%

Fee Structure

Management fee of 0.9% p.a. of first GBP 100m of Gross Assets 0.75% p.a. in excess of GBP 100m of Gross Assets. Contract terninable on notice period of 6 months.

Dividend Policy

The primary objective of the Company will be capital growth and thus the dividend policy will simply be to pay a dividend sufficient to maintain investment company status.

ASSET SPLIT

Total number of holdings: 95.

Trust Manager

Don San Jose

Manager Bio

Don San Jose, CFA, Managing Director, has been an analyst with the U.S. small cap equity group since 2004 and a portfolio manager since 2007. An employee since 2000, Don was an analyst in JPMorgan Securities' equity research department covering capital goods companies before joining the small cap group. Prior to joining the firm, he was an equity research associate at ING Baring Furman Selz. Don holds a B.S. in finance from The Wharton School of the University of Pennsylvania and is a member of both the New York Society of Security Analysts and The CFA Institute. He is a CFA charterholder.

Board Of Directors

David RossChairman, Dominic Neary, Julia Le Blan, Shefaly Yogendra, Christopher Metcalfe

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.